S. Korean financial firms vulnerable to security breaches: regulator

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Prosecutors raid POSCO unit in corruption probe

Prosecutors on Wednesday raided a subsidiary of South Korea’s leading steelmaker POSCO over corruption allegations involving its officials. A team of prosecutors obtained computer hard drives, accoun...

Updated : 2014.04.16 20:59

[Newsmaker] Dispute flares on why game addict killed son

The Daegu District Court on Wednesday issued an arrest warrant for a 22-year-old surnamed Jeong, a day after he confessed to police that he suffocated his 28-month-old son to death. As the nation was ...

Updated : 2014.04.16 20:48

NHIS has better chance in tobacco suit: experts

The state health insurer’s lawsuit against three tobacco companies has a chance of success in the local court, experts said, even though Korea’s top court has previously ruled against individual claims against tobacco makers. The state-run National Health Insurance Service filed a lawsui...

Updated : 2014.04.16 20:40

Ferry disaster leaves at least 6 dead, 281 missing

A ferry carrying 462 passengers and crew sank off the coast of Jindo Island in South Jeolla Province on Wednesday, leaving at least six people dead and hundreds unaccounted for. The ferry, the 6,325-...

Updated : 2014.04.16 19:33

Photos of the ferry disaster off south coast

Ferry ‘Sewol’ that sank off the coast of Jindo Island in South Jeolla Province on Wednesday, leaving at least two people dead and hundreds unaccounted for. Water is rapidly gushing into the ferry as...

Updated : 2014.04.16 18:09

Ferry disaster leaves three dead, 292 missing

A ferry carrying more than 450 passengers and crew sank off the coast of Jindo Island in South Jeolla Province on Wednesday, leaving at least three people dead and hundreds unaccounted for. The ferry,...

Updated : 2014.04.16 17:03

Two people dead, 290 missing in sunken ferry

A passenger ship carrying more than 470 people, mostly high school students, sank off South Korea's southern coast on Wednesday, leaving at least two people, including one student, dead and about 290 others missing.The government had earlier announced that 368 people were rescued, but offi...

Updated : 2014.04.16 15:49

Parents of students on sinking ferry gather to protest

(Yonhap)Around 250 parents of students on the Sewol ferry that sank off South Jeolla Province Wednesday staged a protest at Danwon High School, calling for specific information about their children’s...

Updated : 2014.04.16 13:09

South Korea blocks Ashley Madison adultery website

 South Korea has blocked the newly launched Korean version of the global adultery hook-up site Ashley Madison, saying Wednesday that it threatened family values in a country where marital infidelity ...

Updated : 2014.04.16 10:33

Ferry accident leaves two dead, hundreds missing

A ferry carrying 459 passengers and crew sank off the coast of Jindo Island in South Jeolla Province on Wednesday, leaving at least two people dead and hundreds unaccounted for. The ferry, the 6,325-t...

Updated : 2014.04.16 09:41

Gaming addict confesses to smothering infant son: police

A 22-year-old Internet game addict confessed to killing his son by covering the toddler’s nose and mouth with his hands, police said Tuesday evening.According to investigators at East Daegu Police Station, the man, surnamed Jeong, said he smothered his 28-month-old son and abandoned the b...

Updated : 2014.04.15 21:59

Lotte kickbacks used for political lobbying: report

Prosecutors are expected to widen the investigation into Lotte Homeshopping’s graft allegations after finding evidence the retailer received kickbacks from suppliers to lobby political officials, local media reported Tuesday.Executives of the country’s fifth-largest retailer, including f...

Updated : 2014.04.15 21:09

Police to investigate student violence in Jinju

Police and educational authorities vowed Tuesday to conduct a thorough investigation into school violence that led to the deaths of two high school students.Jinju Police Station said it would begin a ...

Updated : 2014.04.15 21:09

Former Olympus Korea execs indicted for embezzlement

South Korean prosecutors brought charges Tuesday against five former executives of Olympus Korea for their alleged role in misappropriating about 10 billion won ($9.6 million) of company money.The five suspects, including former Olympus Korea head Bang Il-seok, are accused of illegally emb...

Updated : 2014.04.15 21:08

Gaming addict confesses to smothering infant son: police

A 22-year-old Internet game addict confessed to killing his son by covering the toddler’s nose and mouth with his hands, police said Tuesday evening.According to investigators at East Daegu Police Station, the man said he smothered his 28-month-old son and abandoned the body. The police w...

Updated : 2014.04.15 20:03